Horizon Lines to sell secondary shares

Horizon Lines to sell secondary shares The Jones Act carrier Horizon Lines has filed for an offering of secondary shares, which could be sold after approval by the Securities and Exchange Commission.
   Charlotte, N.C.-based Horizon Lines said that out of the proposed offering of 5,300,000 outstanding shares of its common stock, 5,251,767 shares are to be sold by Castle Harlan Partners IV, L.P. and its co-investor Stockwell Fund, L.P. and their respective affiliates and associates, and 48,233 shares are to be sold by certain of the Company’s non-employee directors. The selling stockholders intend to grant the underwriters a 30-day option to purchase up to 795,000 additional shares from them.